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Lifeward prices 4M shares at 65c in public offering

Lifeward prices 4M shares at 65c in public offering

Yahoo4 hours ago

Lifeward (LFWD) announced the pricing of a public offering of an aggregate of 4,000,000 of the Company's ordinary shares and accompanying warrants to purchase up to 4,000,000 of the Company's ordinary shares, at a combined public offering price of $0.65 per ordinary share and associated ordinary warrant. The ordinary warrants will have an exercise price of $0.65 per ordinary share, will be exercisable immediately upon issuance and will expire on the five-year anniversary of the issuance date. The closing of the offering is expected to occur on or about June 26, 2025, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The aggregate gross proceeds to the Company from the offering are expected to be approximately $2.6M before deducting the placement agent's fees and other offering expenses payable by the Company. The potential additional gross proceeds to the Company from the ordinary warrants, if fully exercised on a cash basis, will be approximately $2.6M. The Company intends to use the net proceeds from this offering for its continuing commercial efforts, working capital and general corporate purposes.
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Read More on LFWD:
Disclaimer & DisclosureReport an Issue
Lifeward Announces Annual Meeting Date for 2025
Lifeward Announces New CEO Appointment Effective June 2025
Lifeward appoints Grant as new President, CEO
Lifeward Ltd. Reports Q1 2025 Financial Results
Lifeward Inc. Earnings Call: Optimism Amid Challenges

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